B. Metzler seel. Sohn & Co. Holding AG Purchases New Shares in Packaging Co. of America (NYSE:PKG)

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Packaging Co. of America (NYSE:PKG - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,253 shares of the industrial products company's stock, valued at approximately $916,000.

A number of other hedge funds have also recently added to or reduced their stakes in PKG. Bessemer Group Inc. raised its stake in shares of Packaging Co. of America by 12.9% in the 1st quarter. Bessemer Group Inc. now owns 2,654 shares of the industrial products company's stock valued at $504,000 after buying an additional 303 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Packaging Co. of America during the first quarter worth approximately $146,000. Advisors Asset Management Inc. raised its stake in shares of Packaging Co. of America by 13.9% in the first quarter. Advisors Asset Management Inc. now owns 11,283 shares of the industrial products company's stock valued at $2,141,000 after acquiring an additional 1,374 shares during the last quarter. Toronto Dominion Bank boosted its holdings in shares of Packaging Co. of America by 1.4% in the 1st quarter. Toronto Dominion Bank now owns 50,247 shares of the industrial products company's stock worth $9,536,000 after acquiring an additional 694 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in Packaging Co. of America by 5.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 869,341 shares of the industrial products company's stock worth $164,985,000 after acquiring an additional 42,465 shares during the last quarter. Institutional investors and hedge funds own 89.78% of the company's stock.

Insider Transactions at Packaging Co. of America

In other news, CFO Robert P. Mundy sold 12,500 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $240.62, for a total value of $3,007,750.00. Following the transaction, the chief financial officer now directly owns 43,954 shares of the company's stock, valued at $10,576,211.48. This represents a 22.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Donald R. Shirley sold 8,000 shares of Packaging Co. of America stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $240.20, for a total transaction of $1,921,600.00. Following the sale, the senior vice president now directly owns 15,725 shares of the company's stock, valued at $3,777,145. The trade was a 33.72 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 31,000 shares of company stock worth $7,500,905. 1.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

PKG has been the topic of several research analyst reports. Truist Financial restated a "buy" rating and set a $252.00 target price (up previously from $242.00) on shares of Packaging Co. of America in a report on Thursday, October 24th. StockNews.com downgraded shares of Packaging Co. of America from a "buy" rating to a "hold" rating in a research note on Wednesday. Wells Fargo & Company increased their price target on shares of Packaging Co. of America from $235.00 to $253.00 and gave the company an "overweight" rating in a research note on Thursday, October 24th. Finally, Citigroup raised their target price on shares of Packaging Co. of America from $199.00 to $221.00 and gave the company a "neutral" rating in a research note on Wednesday, October 2nd. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $221.60.

Packaging Co. of America Price Performance

NYSE:PKG opened at $246.39 on Friday. The stock has a market capitalization of $22.13 billion, a PE ratio of 28.72, a P/E/G ratio of 3.44 and a beta of 0.76. Packaging Co. of America has a 1-year low of $153.58 and a 1-year high of $248.62. The firm has a fifty day simple moving average of $224.82 and a 200 day simple moving average of $202.44. The company has a current ratio of 2.95, a quick ratio of 1.98 and a debt-to-equity ratio of 0.58.

Packaging Co. of America (NYSE:PKG - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $2.65 EPS for the quarter, beating analysts' consensus estimates of $2.50 by $0.15. The company had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.09 billion. Packaging Co. of America had a net margin of 9.46% and a return on equity of 19.10%. The company's quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.05 EPS. On average, research analysts expect that Packaging Co. of America will post 9.07 EPS for the current fiscal year.

Packaging Co. of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, October 15th were given a $1.25 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.03%. Packaging Co. of America's payout ratio is 58.28%.

Packaging Co. of America Company Profile

Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products in the United States. The company operates through three segments: Packaging, Paper, and Corporate and Other. The Packaging segment offers various containerboard and corrugated packaging products, such as conventional shipping containers used to protect and transport manufactured goods; multi-color boxes and displays that help to merchandise the packaged product in retail locations; and honeycomb protective packaging products, as well as packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products.